Do you know the markets you threw out really well? 

Hey @Tom Dieringer, so the Expedia Group has a market cap of 21+ billion so I wouldn't worry too much about them.

- This approach should be fine. 

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

Strong Potential for Long-Term Capital AppreciationGermany's real estate market has demonstrated a strong track record of capital appreciation.

If I put myself in the shoes of the outside partner/investor friend, I would be very concerned because: 1) unclear and/or potentially conflicting business plan, 2) even with clarity in the BRRRR business plan, unclear in the viability of pulling it off with these market conditions, 3) the chances of dispute seems very high, especially if you're going to live in. 4 years ago, I went through a  similar thought process when purchasing an investing property with mainly my family money, while considering an outside investor to rehab for higher STR ROI... 

At that time I will get the house cleaned up and list it on the market and when it sells I've agreed to get reimbursed my costs for reinstatement plus any other costs plus a fee for my efforts.

With this type of YOY growth, you can re-invest you equity into upstate or OOS markets (i.e.

They would offer a more hands free approach, but eat up the profit in return.

If you ever decide you want a more passive approach, there are turnkey companies out there that handle everything for you.